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Boulder Ventures

Chevy Chase, MDBOULDER-VENTURES
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Dossier Summary

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Classification
Slugboulder-ventures
HQChevy Chase, MD
Stage FocusSeries A and B enterprise software investments, typically…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Boulder Ventures is a solid, if unspectacular, regional player that punches above its weight in the DC area. Greg Baroni's Cvent success gives them real credibility with enterprise software founders, and they genuinely understand B2B sales cycles. The fund is small enough that you'll get partner attention, but don't expect them to lead your Series B unless you're already in their sweet spot. They're known for being founder-friendly and not overly demanding on boards, but also not the type to move mountains when things get tough. Good choice if you want experienced enterprise software investors who won't micromanage you.

KEY TAKEAWAYS
  • Best for: B2B SaaS founders who want experienced enterprise software investors
  • Watch out for: Limited follow-on capital for later rounds
  • Known for: DC area connections and hands-off board style
Investment Thesis

Boulder Ventures focuses on early-stage B2B software companies, particularly those with enterprise sales models and strong recurring revenue potential. They emphasize backing experienced entrepreneurs who understand their markets deeply.

Stage & Sector Focus

Series A and B enterprise software investments, typically $2-10M checks. Heavy focus on SaaS, fintech, and healthcare IT with some cybersecurity plays. Mid-Atlantic regional bias but will go national for the right deals.

Notable Portfolio
BlackbaudLiveSafeMindgrubSocial TablesOptoroWeddingWireLivingSocialCvent
Key Partners
Greg Baroni
Managing Partner

Former CEO of Cvent, which Boulder backed and grew to IPO. Brings deep enterprise software operating experience and strong network in the DC tech scene. Known for being hands-on with portfolio companies.

Rob Hess
General Partner

Long-time Boulder partner with background in enterprise software investing. Has been with the fund for over a decade and focuses on B2B SaaS deals. Reputation for being analytical and process-driven.

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